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Jan 18, 2013
01/13
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i'm just -- i'm just a victim of this economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> well, it is the go to website before going out. now yelp will offer more than food reviews. cbs 5 consumerwatch reporter julie watts on the additional information being offered to diners in san francisco. >> reporter: when it comes to eating out, clean is just as important as the cuisine. >> it's definitely important to me how clean a restaurant is. it's very important. >> you don't want to go into a restaurant and end up with ptomaine poisoning. >> reporter: well, starting this week san francisco diners will have one more protection against food-borne illnesses. yelp will now post the san francisco health department inspection results next to their reviews and star ratings. so your standard search will also include the numerical grade given to the restaurant from 0 to 100 on its last inspection. >> anything from the structural condition of the restaurant to if there's any type of vermin there to how they handle the food. >> repor
i'm just -- i'm just a victim of this economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> well, it is the go to website before going out. now yelp will offer more than food reviews. cbs 5 consumerwatch reporter julie watts on the additional information being offered to diners in san francisco. >> reporter: when it comes to eating out, clean is just as important as the cuisine. >> it's definitely...
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Jan 20, 2013
01/13
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. >> just felt like the economy was starting to turn and at the same time, the interest rates kept getting lower and lower. that created a sense of urgency. >> reporter: they are hardly alone. at this development east of los angeles, sales have tripled over the last year. they're now selling homes faster than they can build them. >> this community is hoppin''. there's a lot of activity. >> reporter: real estate agent rose broghamer says it's a stark contrast to the scene here five years ago when the real estate boom went bust. there was a period where this was kind of like a ghost town. >> that's a really good word for it. it was very desolate. i did a lot of short sales helped a lot of people move out of their homes, out of their dream homes and had nowhere to put them. >> reporter: and now it's exactly the opposite. >> absolute. now we're seeing it come full circle. >> reporter: and then some. >> this is our master bedroom. >> reporter: the omens haven't even furnished their four-bedroom home with a view but they've already been approached by people asking. >> are you interested in selli
. >> just felt like the economy was starting to turn and at the same time, the interest rates kept getting lower and lower. that created a sense of urgency. >> reporter: they are hardly alone. at this development east of los angeles, sales have tripled over the last year. they're now selling homes faster than they can build them. >> this community is hoppin''. there's a lot of activity. >> reporter: real estate agent rose broghamer says it's a stark contrast to the scene...
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Jan 18, 2013
01/13
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sharply after decades of surging growth much to do with border enforcement, jobs and the california economy. since 2007 there's been less of a need for unskilled labor and a greater demand for workers with degrees. immigrants from asia especially india tend to be more highly educated. >> we see the united states of america as a gold mountain where we have endless opportunities to achieve. >> reporter: case in point, victor lu. he cam to the united states as a refugee from vee -- he came to the united states as a refugee from vietnam and went into the supply business years ago. his store is now one of the largest most successful in the south bay. >> my parents both came about 33 years ago with nothing, no english. very limited english still today but they decided to start a business and, you know, it flourished and with everybody's support it is what it is today. >> reporter: san jose especially continues to have a lot of immigrants from vietnam but overall the greatest --
sharply after decades of surging growth much to do with border enforcement, jobs and the california economy. since 2007 there's been less of a need for unskilled labor and a greater demand for workers with degrees. immigrants from asia especially india tend to be more highly educated. >> we see the united states of america as a gold mountain where we have endless opportunities to achieve. >> reporter: case in point, victor lu. he cam to the united states as a refugee from vee -- he...
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Jan 17, 2013
01/13
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. >> reporter: we have some good news on the economy this morning. starting out with a labor department report that first time weekly unemployment claims fell by 37,000 to 335,000. lowest point in five years. four-week average down to 3359,000 meaning there's more hiring than firing. january is tough to figure out because of temporary holiday jobs that tend to go away at this time but this might indicate that some retailers are holding on to some of those employees a little longer perhaps even permanently. also good news on the housing market which just continues its recovery. commerce department reporting that housing starts in december were up over 900,000, more than 12% increase from the month before. and overall in 2012 up about 28% over the starts that we saw in 2011. prices are also on the increase and we're seeing fewer foreclosures. earnings are starting to roll in for the 4th quarter and ebay posted a nice quarter topping earning expectations thanks to big gains in its paypal unit. revenue came in just at about $4 billion. and ebay shares we
. >> reporter: we have some good news on the economy this morning. starting out with a labor department report that first time weekly unemployment claims fell by 37,000 to 335,000. lowest point in five years. four-week average down to 3359,000 meaning there's more hiring than firing. january is tough to figure out because of temporary holiday jobs that tend to go away at this time but this might indicate that some retailers are holding on to some of those employees a little longer perhaps...
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Jan 20, 2013
01/13
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it can shut down half those cylinders for better fuel economy. and the interior now looks and feels much more like its european competitors >> pretty much anything that you can hear, feel or touch, you can pretty much customize it all >> reporter: this man is the corvette's chief engineer. and this is his baby. and it's the only one >> you're the first outside person >> reporter: am i really? to sit in one of these. reporter: so he was understandably a little nervous about taking us on its first ride. >> it just feels... i don't even know how to describe it. >> reporter: it will do 0 to 60 in less than four seconds. top speed: upwards of 190 miles an hour. >> there's no doubt in my mind that we'll be fully competitive with pretty much any other car: porsche, ferrari, you name it. >> reporter: if you had one word to describe this new vet what do you think it would be? >> wow. reporter: tom peters is the head of corvette design in charge of sculpting the body to make it fast and functional. >> this probably might have taken as much creative energy
it can shut down half those cylinders for better fuel economy. and the interior now looks and feels much more like its european competitors >> pretty much anything that you can hear, feel or touch, you can pretty much customize it all >> reporter: this man is the corvette's chief engineer. and this is his baby. and it's the only one >> you're the first outside person >> reporter: am i really? to sit in one of these. reporter: so he was understandably a little nervous...
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Jan 18, 2013
01/13
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china's economy grew to 8% in a quarter. tokyo's nikkei shot up. wall street stocks finished higher due in part to falling jobless claims. the dow jones industrial average was up 84 points on thursday. the nasdaq rose 18 points. >> one big factor that drove wall street stocks higher was stronger than expected housing starts. the commerce department said on thursday that home construction in december grew at its fastest pace in 4 1/2 years. >>> toyota has settled what was to be the first of hundreds of wrongful death lawsuits. the suits are based on claims that sudden unintended acceleration of toyota vehicles caused deaths and injuries. thursday's settlement involved the death of a couple in utah three years ago when their toyota camry slammed into a wall. the terms of the settlement were not disclosed. >>> and american airlines has a new look. the red, white, and blue stripes along the fuselage are now gone. now the american's planes will be all silver and sport a new logo. red and blue horizontal bars will emblazon the tail. american said after 4
china's economy grew to 8% in a quarter. tokyo's nikkei shot up. wall street stocks finished higher due in part to falling jobless claims. the dow jones industrial average was up 84 points on thursday. the nasdaq rose 18 points. >> one big factor that drove wall street stocks higher was stronger than expected housing starts. the commerce department said on thursday that home construction in december grew at its fastest pace in 4 1/2 years. >>> toyota has settled what was to be...
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Jan 16, 2013
01/13
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>> they're an indication of how the economy is going. the economy is growing people are buying pickup trucks because we're building. construction is up. people are confident. they're not cheap. you can get some for 20 but some of the bigger ones, $50,000, $60,000. >> i've watched the news coming out of this auto show and everybody seemed to at least at the top or next to the top be talking about the new corvette stingray. >> the corvette stingray is the car of the show. that's the buzz. that's everything. you don't get a lot of corvettes. this is the seventh generation that the corvette has gone through since 1963. >> that's the first time we've had stingray used in the title. >> since the '60s. i grew up with two in the household. i'm a corvette fan. great car, it's always been the budget -- >> no leg room. >> in the front. two seats. nothing in the rear. >> nothing in the back. >> 450 horse power in the minimum. >> it's not green. >> the corvette is not about green, right? if you're out cruising, the current one can get up to 30 miles
>> they're an indication of how the economy is going. the economy is growing people are buying pickup trucks because we're building. construction is up. people are confident. they're not cheap. you can get some for 20 but some of the bigger ones, $50,000, $60,000. >> i've watched the news coming out of this auto show and everybody seemed to at least at the top or next to the top be talking about the new corvette stingray. >> the corvette stingray is the car of the show. that's...
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Jan 14, 2013
01/13
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. >> andrew mcafee: our economy is bigger than it was before the start of the great recession. corporate profits are back. business investment in hardware and software is back higher than it's ever been. what's not back is the jobs. >> kroft: and you think technology and increased automation is a factor in that? >> erik brynjolfsson: absolutely. >> kroft: the percentage of americans with jobs is at a 20- year low. just a few years ago, if you traveled by air, you would have interacted with a human ticket agent. today, those jobs are being replaced by robotic kiosks. bank tellers have given way to atms, sales clerks are surrendering to e-commerce... >> i'm an automated system. >> kroft: ...and switchboard operators and secretaries to voice recognition technology. >> brynjolfsson: there are lots of examples of routine, middle- skilled jobs that involve relatively structured tasks, and those are the jobs that are being eliminated the fastest. those kinds of jobs are easier for our friends in the artificial intelligence community to design robots to handle them. they could be softw
. >> andrew mcafee: our economy is bigger than it was before the start of the great recession. corporate profits are back. business investment in hardware and software is back higher than it's ever been. what's not back is the jobs. >> kroft: and you think technology and increased automation is a factor in that? >> erik brynjolfsson: absolutely. >> kroft: the percentage of americans with jobs is at a 20- year low. just a few years ago, if you traveled by air, you would...
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Jan 14, 2013
01/13
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it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so, to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting speaker boehner now, "a financial disaster" not only for us but for the worldwide economy. so, we've got to pay our bills, and republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial wellbeing of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. the last time republicans in congress even flirted with this idea, our aaa c
it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so, to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting speaker boehner now, "a financial disaster" not only for us but for the worldwide economy. so, we've got to pay our bills, and...
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Jan 13, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. >> you really having a mid-life crisis. >> really. i was afraid of that. >> it's sunday morning on cbs and here again is charles osgood. >> osgood: scarlett johansson built a loyal following with roles in movies like the 2003 film "lost in translation" where she starred opposite bill murray. the question now is whether all those movie fans will follow her to the broadway theater which is where anthony mason caught up with her with some questions and answers. >> reporter: beating up bad guys last summer as the black widow was part of a career transition for one of hollywood's greatest sex symbols. the next step will take scarlett johansson from the sound stage to the broadway stage. sometimes you wander around the theater
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. >> you really having a mid-life crisis. >> really. i was afraid of that. >> it's sunday morning on cbs and here again is charles osgood....
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Jan 19, 2013
01/13
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is it the economy or something else? >> i think a lot of it has to do with the economy and the fact that it's a second inauguration and most people don't have the same excitement about it. but it is 40,000 people. >> sure. >> and it's going to be a crush, i can only tell you that. and if you get a peanut or a pretzel pretzel, you're really lucky. >> when the obamas came to washington, a lot of people thought it was going to be the second coming of cam aelot a swirling around him. did that happen? >> they were really expecting excitement and they were expecting to see the obamas around town and to be invited to the white house and all that. no, it has not happened. somebody was asking me what the social life was like in washington, and i said well, there is no social life in washington. it's like little tiny dutchies all over the city where people have their own little friends and they see each other, but there's no kind of expansive social life that revolves around the white house. >> is that unusual? >> yes. it's gotten
is it the economy or something else? >> i think a lot of it has to do with the economy and the fact that it's a second inauguration and most people don't have the same excitement about it. but it is 40,000 people. >> sure. >> and it's going to be a crush, i can only tell you that. and if you get a peanut or a pretzel pretzel, you're really lucky. >> when the obamas came to washington, a lot of people thought it was going to be the second coming of cam aelot a swirling...